Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-06-05
06:40

Gate ETF will launch four new 3x leveraged ETF assets on June 5, including SpaceX, Mavenir, Anthropic, OpenAI, and more.

Gate News reports: according to Gate’s official announcement, Gate ETF will list multiple new 3x ETF assets, including SPCX3L/3S (SpaceX), MRVL3L/3S (Marvell Technology), ANTHROPIC3L/3S (Anthropic), OPENAI3L/3S (OpenAI), and more. Trading will open on June 5, 2026 at 17:00 (UTC+8), with an initial net value of 1 USDT. Gate ETF is a trading product with an automatic rebalancing mechanism. Each day, based on profit and loss, it adjusts the leverage ratio to return to the target leverage multiple.
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SPCX3L-15.88%
MRVL3L-5.36%
OPENAI3L-0.29%
06:37

China's Interbank Funding Sentiment Index Stands at 52 on June 5

According to Jin10 Futures, on June 5 at 14:30, China's interbank funding sentiment index (CNEX) stood at 52, unchanged from 10:15. By institution type, the index for large banks reported 50, mid-size banks 53, and non-bank institutions 51, all holding steady. The index operates on a 0-100 scale,
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06:37

Switch Eyes $50B Valuation in Funding Talks with Brookfield, KKR

According to Reuters, US data center firm Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, with Brookfield Asset Management, KKR, and other institutional investors considering participation. The deal could position the company for an initial public offering as
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06:35

BTC drops sharply within 15 minutes by 0.64%: ETF fund outflows continue and support levels break in tandem, triggering short-term sell pressure

From 06:15 to 06:30 UTC on June 5, 2026, BTC plunged 0.64% within 15 minutes, falling from 62,263.6 USDT to 61,145.7 USDT, with a 1.80% range. The move occurred during the transition period between the Asia market about to open and the close of the Europe/US market, when liquidity is relatively thin, causing sell pressure to be significantly amplified. The main driver of this volatility is sustained, large-scale outflows from spot ETF funds. Data shows that in the first week of June 2026, Bitcoi
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BTC0.42%
06:33

ETH plunges 1.61% in 15 minutes: sell pressure from a three-week downtrend combined with leveraged liquidations triggers a cascade

From 06:15 to 06:30 (UTC) on June 5, 2026, ETH plunged by 1.61% within 15 minutes. The price fell from 1676.99 USDT to 1624.79 USDT, with a range of 3.12%. Previously, ETH had been in a downtrend for three straight weeks, with a cumulative drop of over 20%. The market had built up a large number of trapped long positions, and vulnerability increased significantly. The main driving force behind this abnormal move was a cascade effect: concentrated sell pressure released on top of the downtrend, c
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ETH0.8%
BTC0.42%